Contents

Foreward to 2003 Edition

Prologue

1 The Breakdown of Government

Part I - Why Government Doesn't Work

2 What Is Government?
3 Oops! Why Government Programs Always Go Astray
4 Why Government Grows & Grows & Grows
5 If You Were King (The Dictator Syndrome)
6 How Did We Get in this Mess?
7 Government Doesn't Work
8 Once the Land of the Free
9 How Freedom Was Lost
10 How Much Freedom Is Left?
11 Your Innocence Is No Protection
12 On the Road to a Better World

Part II - Solving Today's Social & Political Problems

13 Fixing America's Problems
14 Why Freedom Brings Prosperity
15 How Your Life Is Regulated
16 Health Care - The Problem
17 Health Care - The Solution
18 Improving Education
19 The Welfare Mess
20 Fighting Crime or Playing Games?
21 A Weak National Defense
22 An Effective National Defense
23 Do We Really Want Government to Determine Family Values?
24 How to Fix Social Security Once and for All
25 A Freedom Budget
26 Neither of the Two Old Parties Will Save Us
27 What the President Can Do

"Everything Browne writes merits the closest attention, and in this, his self-proclaimed last book on investing, he here presents a sort of summa of the common-sense wisdom he has garnered from thirty years of watching the rise and fall of markets - and he does so with his customary directness, clarity, and humility. He remains in a class by himself, and many of us will always be in his debt for the uncommon ideas he has expressed so ably. And above all for his own example - for the standard he has set."